During emergencies and disasters, resources are tight. Should credit unions offer quick small loans to their members?
Quick click loans for credit unions bring with them several forms of risk. Does the risk outweigh the reward for credit unions in the short-term lending marketplace?
Most prominent online resources say that it takes 1–3 days to receive funding from a quick loan. However, it can be accomplished in as little as 60 seconds with QCash.
Currently, disagreements over funding for Donald Trump’s proposed border wall have partially shut down the U.S. government. In this article, we’ll explore what that shutdown means for government employees. We’ll also suggest how credit unions can support their government employee members during the shutdown by offering quick, small loans. Regardless of your political leanings, one […]
Payday loans have not been received very favorably recently, by either the general populace nor by the legislature. And yet, at QCash, we still see small dollar loans as an important aspect of credit union member health. Why do we continue to hold this viewpoint? We understand that financial health means different things to different […]
Introducing any new technology to a tried-and-true sector is a recipe for radical change. Generally, the change is for the positive, but that doesn’t mean that there aren’t any drawbacks to innovation. The question is when partnering with financial technology companies, what do you give, and what do you get? When you’re on the front lines […]
In the world of financial technology, it’s important to know that companies can form partnerships to better serve their clients. So how does QCash partner with other fintech companies? Imagine a world where fintech companies received report cards. Not just the usual A, B-, C+, or D nonsense, but a report card with healthy evaluative […]
July 30, 2018 by Ben Morales, CEO QCash Why would a credit union make their own payday lending platform versus using the QCash platform? I’m often asked, “Why wouldn’t a credit union just do this on their own versus using the QCash platform?” The bottom line is, what we want from QCash Financial is everyone […]
QCash Loan or Payday Loans July 26, 2018 Unexpected things come up in life. Car repairs, medical emergencies, and other expenses that must be taken care of seem to pop up at the worst time. Most Americans live paycheck to paycheck. While some people do have savings accounts, they may not have enough money saved […]
What interest rate should a small dollar payday loan charge? While the financial services industry and its regulators debate what is the right APR for short-term, small-dollar loans, Americans in need of relief wait. Their waiting comes with a cost – a big one. PEW Charitable Trusts estimates U.S. consumers spend $9 billion annually on […]